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Mr Wilson said: "The excellent build quality will help enormously to increase Hyundai's market share throughout the UK, particularly in the south-west. We believe we can sell more than 300 machines a year within two years to make us the biggest in Europe."

The firm said Molson Holdings had no option but to call in administrator PricewaterhouseCoopers following the failure of New Holland to honour an agreed out of court settlement.

Mr Wilson said: "We called in professional mediators, but even they failed to get the matter settled."

Molson claimed to be one of the largest dealers for New Holland in Europe. Mr Wilson said he believed the fact that the New Holland franchise was in administration would raise questions over warranty cover.

He said: "There are at least 300 machines Molson Holdings has sold that are unlikely to be covered by it under warranty."

This is disputed by New Holland, which said PwC would still allow Molson to trade normally.

The company said in a statement: "New Holland wants to assure customers that they will continue to have the comprehensive range of services they have come to expect."

New Holland sales and marketing director Kevin Purcell said: "We have a contingency arrangement which we can rapidly implement."